Ukraine puppet government and Fed claims no more QE

Ukraine president vows severe punishment for instigators of deadly Kiev clashes but never delivers

Ukrainian President Petro Poroshenko on Monday said those behind deadly Kiev clashes that erupted after a vote on autonomy for separatist eastern regions deserved severe punishment, calling the violence a “stab in the back.” “It was an anti-Ukrainian act for which all of its organisers without exception — all representatives of political forces — should be severely punished,” he said in a televised address.

A 24-year-old member of the National Guard was killed and more than a hundred injured on Monday in street battles between the security forces and protesters outside the Vekhovna Rada parliament in Kiev. The clashes erupted shortly as Ukrainian lawmakers gave their initial backing to deeply controversial legislation granting more autonomy to pro-Kremlin rebel-held regions in the east.

“Today’s events are very worrying,” she said in a statement.”We offer our condolences to the family of the deceased law enforcement officer and our deepest sympathy to those injured in the explosion during the demonstration in front of the Verkhovna Rada.” OSCE Representative on Freedom of the Media Dunja Mijatovic also expressed concern over the violence and called for a “swift investigation into the case.”

Russian President Vladimir Putin’s spokesman said Moscow was also concerned at the clashes but quickly added this was Ukraine’s domestic business. “Of course, we condemn these manifestations of violence, we absolutely do not accept them,” spokesman Dmitry Peskov told reporters.Full Story

Poroshenko made alliances with the ultra right wing nationalist and now he is trying to water down the deal he agreed to in the Minsk agreement. The end result, he is going to tick off both sides. His ratings are already in the toilet. If he is not careful he could be strung up soon.

Fed ‘a long way from’ new round of QE: Dudley

NEW YORK (Reuters) – New York Federal Reserve President William Dudley on Wednesday said the U.S. central bank is “a long way from” engaging in additional quantitative easing to prop up the economy.

In comments made at an event on the economic outlook, Dudley had earlier said recent turmoil in global financial markets made it seem less appropriate to hike interest rates in September. Full Story

Long way is simply another way of saying, we are looking for a reason that the masses will swallow to justify the next round of QE.